We're bailing out WHAT?

[unixronin]

From danjite:

The latest version of the "Bailout Bill" creates tax credits or benefits for:

- Film and Television Productions (Sec. 502)

- Wooden Arrows designed for use by children (Sec. 503)

- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

- Virgin Island and Puerto Rican Rum (Section 308)

- Auto Racing Tracks (317)

- Wool Research (Sec. 325)

I ain't saying nothing.

WHISKEY TANGO FOXTROT, OVER

This "bailout" gets more surreal by the day.  Did someone put LSD in the Congressional coffee pot?

Comments

[unixronin.livejournal.com]

I absolutely agree we should repeal the standard tax. The existing Federal tax code has become so bloated, labyrinthine and full of loopholes and special concessions that even the IRS doesn't fully understand it any more. It's time to burn it and start over.

[jmkelly.livejournal.com]

Burn it and start over? That's what they said twenty years ago -- and when they finished, it was more bloated and labyrinthine than ever. *Sigh*.

[unixronin.livejournal.com]

Probably because they may have said that, but they didn't — they just did a minor cleanup and then bolted a whole lot of new stuff on top.